(CNN)-The 112th Congress is a family affair for GOP Congressman Ron Paul and his son, Republican Senator Rand Paul. But that doesn't mean they always agree.

Speaking with CNN's Chief National Correspondent John King, the two Pauls diverge on whether the House Republican pledge to cut $100 billion dollars from the federal budget in the first year is realistic.FULL POST

Washington (CNN) - Appearing on CNN Wednesday, Indiana Gov. Mitch Daniels was reluctant to blame himself or fellow Republicans for allowing the federal budget deficit to double during the eight years of the Bush administration.

Daniels, who served as Bush's budget director from 2001 to 2003, said instead that "the nation went into a deficit then because the bubble burst and we had a recession."FULL POST

WASHINGTON (CNN) – In yet another sign of President Obama's outreach to the business community as he deals with the new balance of power on Capitol Hill, officials at the U.S. Chamber of Commerce confirmed Wednesday that Obama will address the organization in a major speech on Feb. 7.

"He's going to come here and give a speech on jobs and the economy," Tom Collamore, senior vice president of communications at the Chamber of Commerce told CNN. "That a big priority for the President and it remains the top priority for the Chamber and the business community."

Washington (CNN) - Two senior Democratic officials say William Daley was at the White House Wednesday meeting with President Obama and other officials. Officials said there has been no job offer but that Daley is emerging as the leading contender to be next White House chief of staff.

Washington (CNN) - Even before House Republicans took control of the chamber Wednesday, there were at least three areas where they appear to be backtracking on promises made: Cutting $100 billion in the first year, allowing opportunities for the minority party to offer amendments on bills, and making public attendance records for committee hearings.

The Republicans ran for office in 2010 on a platform they titled "The Pledge to America," which states they would reduce government spending to 2008 "pre-stimulus, pre-bailout levels" and cut "at least $100 billion in the first year alone."FULL POST

Washington (CNN) - Rep. Darrell Issa (R-California), the brand-new chairman of the House Committee on Oversight and Government reform, defended comments he had previously made that President Obama is "one of the most corrupt presidents of modern times."

Speaking to CNN's Chief National Correspondent John King Wednesday, Issa offered his definition of the word "corrupt":FULL POST

(CNN) - A group of state legislators opposed to illegal immigration proposed a legislative "fix" Wednesday that would prevent children of illegal immigrants born in the United States from being citizens.

The group, State Legislators for Legal Immigration, revealed its strategy at a news conference at the National Press Club in Washington.